Here’s How To Cut The Cost Of Running Your Vehicle!

Whether you have a top of the range exotic or an old banger, one thing is for sure, running a car can cost a lot of money. Fortunately, there are many tactics you can use to reduce the cost of running your vehicle. All you need to do is keep reading to find out what they are.

Choose the right tires

First of all, if you want to reduce car running costs, then be sure you have the right kind of tires fitted. In fact, while cheaper tires may seem like a good idea at the time, they are often a false economy, costing you more money in the long run. This is for many reasons. The first is that poor quality tires will impact how efficiently your car uses fuel. Something that means you will end up putting more in the tank regularly.

Then there is the issue of safety concerning inferior tires. That they make handling your vehicle harder and can increase stopping distances. This means you are much more likely to have a severe crash that can cost you a lot of money to set right.

Cut the cost running a vehicle

Finally, cheaper tires are also likely to run out more quickly. Something that means they have to be replaced more often. Of course, with each tire costing upwards of $100, the less you need to get new ones, the more money you will save.

Tyre pressure checks

While we are on the subject of tires, it’s important to note that ensuring they are at the right pressure can also save you a great deal of money. This is because tires that are not inflated correctly will require more fuel to be used when driving.

To that end, it’s essential to check your tires regularly and make sure they are correctly inflated. You can do this by investing in a check and pump kit to use at home. Although most people take their vehicles to the garage when the same services can be used for a reasonable price.

Size isn’t everything

It can be tempting to go for the largest vehicle that your budget will allow. However, there will be a cost implication. This is because the larger/heavier the car you drive, the more fuel it will use up getting you from A to B.

To that end, if you don’t require an SUV or extended vehicle, try opting for a smaller car. Not only will you save on fuel, but you’ll find it’s much easier to park and maneuver as well.

Fuel type

Of course, if you are looking to keep your running costs to a minimum, you need to always fill your car with the correct fuel. Gas in a diesel car can create lots of problems. Oh, and if you don’t believe people fill up their tank with the wrong fuel, just ask any garage or mechanic. They will tell you that this is a situation that occurs with alarming regularity!

Also, the type of fuel that your vehicle runs on is something that you need to consider at the buying stage. Especially if the cost is a significant factor. Bear in mind that while diesel cars used to be more economical to run, recent technology means this is not necessarily the case. In fact, be sure to check the fuel type and efficiency of the vehicle you choose before buying. Something that can save you a fortune in the long run, with smaller electric cars being cheaper to run over shorter and more urban distances.

Negotiate your car insurance costs

When running a vehicle, it’s not just the car and fuel that you have to pay for, but the insurance, so you can drive it as well. In fact, this is often the highest cost that vehicle owners face.

With that in mind, shopping around to find the best price for your insurance is well worth your time. Be sure to compare the type of coverage that you are being offered as well as the price. Look for things like the excess cost and whether a courtesy car is included in your premium, too, as these can end up costing you a lot.

Also, don’t forget that, like any business, car insurance providers want to remain competitive in the market. To that end, it is entirely possible to speak to them directly and negotiate a reduction in your premium. It just takes a little skill and time.

Use apps to find cheap parking spaces and fuel

An empty parking lot

Modern technology provides many ways to save money when running a vehicle. Some of the most effective of these are using an app to locate the cheapest fuel and parking spaces.

Of course, if you live in an urban area and commute over a year, finding a reduced parking space can save you hundreds of dollars. It’s super quick and easy to do as well, and all you need to do is check the app and follow the directions given!

Don’t pay for other people’s mistakes

Another way to save money when running a vehicle is to make sure you don’t end up paying for others’ mistakes. After all, being involved in a crash can be a hugely costly affair.

Fortunately, most other road users will have insurance, which should help cover the repair costs to your vehicle. Although, their policy might not always pay out enough to cover any personal injuries sustained during a crash. Something that can cost you personally a great deal of money in medical bills, and in lost income.

Fortunately, by finding a reliable car accident lawyer, you can make a compensation claim. If you are involved in an accident caused by someone else. Something that can help you to keep your costs down overall.

Stop using your phone (& any other devices) while driving.

Not only is it illegal to use your cell phone while driving, but it is hugely unsafe as well. Therefore by using your cell phone without a hands-free device, you risk a range of additional costs from a fine, to legal representation, to repairs and compensation for an accident.

With that in mind, it’s best to turn off your phone when driving, if at all possible. Alternatively, investing in a hands-free system, and only calling and texting using voice control is better. Although it will still have an effect on your concentration.

Spot faults before you have your vehicle serviced

Often, the charges you received once your car has been serviced can easily be avoided. In fact, inflating tires, repairing minor scratches, and replacing bulbs that have gone are all simple jobs that can be done at home.

Unfortunately, if you don’t do them before your service, the garage will, and they will likely charge you a significant amount for each item that needs doing. To that end, brushing up on your vehicle maintenance knowledge beforehand and doing these jobs yourself could save you a great deal over the longer term.

Final thoughts

Running a vehicle needn’t be expensive if you are smart about it. You can save money in several ways, including thinking carefully about the type of vehicle that you need before you buy. DIYing some of the essential maintenance that needs doing can be useful too. While making sure you are covered, if the worst does happen is vital.

Joe Miragliotta is a caffeine addict, social media freak and a tech junkie. When first creating JoesDaily.com the concept was small; Post diary-like content to share with the world of all things he was into. Now it's grown to be much more than that. You'll find travel, food & drink, design, tech, entertainment and more!

You may also like...